In Russia, they found a way to stop the rise in prices for housing and furniture

Russia has decided to restrict the export of timber in order to keep the prices of building materials down

prices for building materials. Such a proposal to the government will soon come from the Association of Furniture and Woodworking Enterprises (AMDPR), Izvestia writes.

Furniture makers have decided to introduce duties on the export of birch veneer and prohibit the export of logs used to make plywood. During the pandemic, these materials began to be actively exported from the country, which led to a shortage of plywood semi-finished products and an increase in their prices by 2.5 times. As a result, prices for wooden house kits and furniture have risen.

Experts have found in the introduction of duties a real way to stop the rise in prices for private housing and furniture. Wood prices are currently 25-30 percent higher than in January 2021, and private houses have risen in price by one and a half times during this period, Tatyana Gigel, a member of the Federation Council Committee on Agrarian and Food Policy, told the publication.

< p> Managing partner of “VectorStroyFinance” Andrey Kolochinsky, in turn, suggested that in the next two or three years, both finished houses and land may continue to rise in price. According to him, the interest of Russians in individual housing will be fueled by state support measures, including the corresponding preferential mortgage programs.

A year and a half ago, in May 2020, the AMDPR warned of the threat of a furniture collapse in Russia. It arose due to the forced downtime of enterprises during the period of self-isolation, the lack of state support for the industry and the crisis of non-payments. At that time, 69 percent of domestic furniture enterprises found themselves in a difficult situation.



Leave a Reply